Toast (NYSE:TOST) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Stock analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Toast (NYSE:TOST - Get Free Report) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm set a "buy" rating and a $54.00 price target on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 15.98% from the company's previous close.

Several other research firms have also recently commented on TOST. Truist Financial assumed coverage on Toast in a research report on Monday, June 2nd. They issued a "buy" rating and a $48.00 target price on the stock. DA Davidson lowered their target price on Toast from $42.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. The Goldman Sachs Group lowered their target price on Toast from $43.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. BMO Capital Markets raised their target price on Toast from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Finally, Wells Fargo & Company assumed coverage on Toast in a research report on Wednesday. They issued a "buy" rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Toast has a consensus rating of "Moderate Buy" and an average price target of $42.76.

Toast Stock Performance

Shares of Toast stock traded down $0.06 on Thursday, reaching $46.56. 7,395,108 shares of the company were exchanged, compared to its average volume of 6,828,535. The company's 50-day moving average is $43.31 and its two-hundred day moving average is $38.82. The firm has a market cap of $23.19 billion, a price-to-earnings ratio of 202.43 and a beta of 2.00. Toast has a 1-year low of $22.10 and a 1-year high of $47.46.

Insider Buying and Selling at Toast

In other news, CEO Aman Narang sold 13,829 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $42.59, for a total transaction of $588,977.11. Following the completion of the sale, the chief executive officer directly owned 302,498 shares of the company's stock, valued at $12,883,389.82. This trade represents a 4.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Elena Gomez sold 34,170 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $42.56, for a total value of $1,454,275.20. Following the completion of the sale, the chief financial officer directly owned 139,357 shares of the company's stock, valued at approximately $5,931,033.92. This trade represents a 19.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 466,131 shares of company stock worth $20,048,851. 13.32% of the stock is owned by insiders.

Institutional Trading of Toast

Hedge funds and other institutional investors have recently modified their holdings of the business. Wayfinding Financial LLC acquired a new stake in shares of Toast in the first quarter worth $34,000. Piscataqua Savings Bank boosted its position in Toast by 57.1% during the first quarter. Piscataqua Savings Bank now owns 1,100 shares of the company's stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. West Branch Capital LLC boosted its position in Toast by 862.1% during the first quarter. West Branch Capital LLC now owns 1,116 shares of the company's stock valued at $37,000 after purchasing an additional 1,000 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in Toast by 29.2% during the first quarter. SBI Securities Co. Ltd. now owns 1,257 shares of the company's stock valued at $42,000 after purchasing an additional 284 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Toast by 227.1% during the first quarter. Signaturefd LLC now owns 1,472 shares of the company's stock valued at $49,000 after purchasing an additional 1,022 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company's stock.

Toast Company Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.